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I’m not sure if this is right approach. In fact in the 70’s, the US basically went through this back and forth, largely influenced by one book: https://en.m.wi
by jlian 7y ago
I’m not sure if this is right approach. In fact in the 70’s, the US basically went through this back and forth, largely influenced by one book:
https://en.m.wikipedia.org/wiki/The_Antitrust_Paradox https://en.m.wikipedia.org/wiki/The_Antitrust_Paradox
Essentially, the book advocates that the only goal antitrust laws should have is to protect consumer welfare, not competitors.
IMO, Apple’s requirement doesn’t feel like it would harm consumer welfare.
- sooheon 7y agoA well run company could build an arbitrarily large technological and financial moat on the back of consumer welfare, until it amasses enough power to completely subjugate regulatory bodies. (This is all theoretical, I don't think Apple is at that point). OTOH, anticompetitiveness is an easier thing to detect and act upon before it gets out of control.
- eastWestMath 7y agoIt seems like an absolute win for consumer welfare, to be honest.